General – Acquisition
Petrobras announces that it signed contracts with Petronas Petróleo Brasil for the acquisition of 50% interests in the Tartaruga Verde and Espadarte – Module III fields.
Both fields are located in the Campos Basin.
Upon completion of the transaction, Petrobras will once again hold a 100% interest in the assets and will remain the operator.
The completion of the transaction is subject to the fulfillment of precedent conditions set forth in the purchase and sale agreement, including approval by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).
The Tartaruga Verde field and Module III of Espadarte are located in the southern portion of the Campos Basin, in water depths ranging from approximately 700 to 1,620 meters.
The assets are operated by Petrobras through the FPSO Cidade de Campos dos Goytacazes, with current production of around 55,000 barrels of oil per day.
